Modern system of book keeping is called______________?

A. Double entry system
B. American system
C. Single entry system
D. Italic system

Goods Return by the customer are termed as :

A. Purchase return
B. Customer return
C. Sales return
D. Inventory return

The maintenance of accounts in a systematic way is called__________?

A. Accounting
B. Reading
C. Book keeping
D. Auditing

An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?

A. Accounting
B. Accountancy
C. Auditing
D. Book keeping

A systematic way to maintain the books of accounts is called_________?

A. Accountancy
B. Economics
C. Book keeping
D. Auditing

Maximizing Shareholder wealth:

A. Relieves the firms responsibility towards society
B. Does not relieve the firm’s responsibility towards society
C. Partially relives the firm’s responsibility towards society
D. None of them

Agency theory suggests that managers(the agents), particularly those of large , publically-owned firms, may have different objectives from those of the:

A. Workers
B. Subordinates
C. Shareholders
D. Employees

The market price of a firm’s stock represents the focal judgment of all market participants as to the value of the:

A. Particular market
B. Particular firm
C. Particular creditor
D. Particular debtor

A major facet of financial management involves providing the financing necessary to support:

A. Liabilities
B. Debts
C. Loans
D. Assets

The Board of Directors sets company-wide policy and advices the CEO and other senior executies, who manage the company’s:

A. Managerial activities
B. Year-to-year activities
C. Day-to-day activities
D. Financial activities